In a statement today, Khazanah said the settlement date of the SRI Sukuk will be Aug 8.

Proceeds from the second tranche, which was launched by Second Finance Minister Datuk Seri Johari Abdul Ghani on June 13, 2017, would be used to fund the roll out of Yayasan AMIR’s (YA) Trust Schools Programme to at least 20 schools, said the strategic investment fund.

YA is a non-profit foundation incorporated by Khazanah to improve accessibility of quality education in Malaysian government schools through a Public-Private Partnership with the Ministry of Education.

As of June 2017, the Trust Schools Programme has been rolled out to 83 schools across 10 states, creating better outcomes for over 65,000 young Malaysians.

Meanwhile, the SRI Sukuk is priced at a profit rate of 4.6 per cent, if key performance indicators (KPIs) are not met, or 4.2 per cent when KPIs are fulfilled.

It is also the first in Malaysia to feature a retail offering, providing an opportunity for individual Malaysians to participate in supporting the further implementation of the Trust Schools Programme.

“Through the retail offering, investors are able to give back to society via impact investing. Both the institutional and retail portions were well received and fully subscribed,” said Khazanah.

Members of the public who were unable to subscribe to the SRI Sukuk can still support the Trust Schools Programme through crowdfunding platforms on ATAPlus (http://ata-plus.com/deals/KhazanahSRI) and pitchIN (http://reward.pitchin.my/project/KhazanahSRI).